16 October 2012 12:04 [Source: ICIS news]
LONDON (ICIS)--New registrations for passenger cars in the 27-member EU fell for the 12th consecutive month in September, an industry body said on Tuesday.
According to data from the European Automobile Manufacturers’ Association (ACEA), 1,099,264 new passenger cars were registered in the region in September, down by 10.8% from the same month in 2011, continuing a downward trend, on a year on year basis, which began in October last year.
“Looking at the major markets, the British was the only one to expand, while Germany (-10.9%), France (-17.9%), Italy (-25.7%) and Spain (-36.8%) all faced a double-digit downturn,” the ACEA said.
A wide variety of chemical markets depend on demand from the automotive industry, which has suffered badly from the effects of the global economic crisis.
In the first nine months of 2012, new registrations for cars in the EU fell by 7.6% year on year to 9,368,327.
“Results were diverse across markets, as the UK posted growth (+4.3%), while Germany saw its demand fall by 1.8% and Spain (-11.0%), France (-13.8%) and Italy (-20.5%) contracted more severely,” the industry body added.
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